HYIP is the abbreviation for High Yield Investment Program. Are hyips any good? While a HYIP might attract you with big profits, do not rush to invest; quite a few of these programs are ponzi schemes or machinations. In such a scheme named after Charles Ponzi unusually high immediate profits are promised to make more naïve individuals to invest. The payoffs are taken not from the profits, but from the money of the new invetors into the scheme. Read the rest of this entry »